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The formation of Celso Furtado's thought, the technological imperative and metamorphoses of capitalism

Abstract

This article reviews Celso Furtado's work and tracks the most important stages and influences in his formation. Celso Furtado attributes a central role to technological progress in his interpretation of the dynamics of the capitalist system, especially in shaping the center-periphery divide. Technological progress, a key component of the first industrial nucleus and its expansionist forces, structures the initial steps of a global system. This global system, derived from the industrial revolution, will be subsequently transformed, hence Celso Furtado's elaboration on metamorphoses of capitalism. Furtado's approach has the advantage point of a view from the periphery of the dynamics of technological progress.

Keywords:
Celso Furtado; Technological progress; Center-periphery dynamics

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